BlackRock Has Better Than Expected Profits

2018-10-17 27


(Reuters) - BlackRock Inc (BLK.N) reported a better-than-expected quarterly profit on Tuesday, as more people poured money in its low-risk funds amid heightened trade tensions between Beijing and Washington. REUTERS/Lucas Jackson/File Photo GLOBAL BUSINESS WEEK AHEAD More investors, however, pulled out money from the asset manager’s institutional index funds, while putting in more money into its low-risk iShares exchange-traded funds.